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Or that is the message the 1% seem to be sending us in interview after interview. Not only are we lazy and envious but we're whiners to boot. In a CNBC interview yet another clueless CEO reinforces to us just how clueless he is. More below the fold.

In another breathtaking show of arrogance and ignorance the 1% crew show us why they are not fit to be running the planet.


"We've got a country that the poverty level is wealth in 99 percent of the rest of the world," he said. "So we're talking about woe is me, woe is us, woe is this." He added that "the guy that's making, oh my God, he's making $35,000 a year, why don't we try that out in India or some countries we can't even name. China, anyplace, the guy is wealthy."
So, you see, we treat you wayyyyy better than those people over there. Suck it up whiners.

I also find it interesting he picks 35K as his example. Most worker bees in the US don't make 35K. In fact, 48% of us make poverty or low income wages. Of course, reality is not really these folks' strong suit as we've seen in the past few weeks of interviews.

We had Tom Perkins going all Godwin and comparing the bad rap the uber rich are getting with nazism. Not to be outdone, O'Leary from "Shark Tank" had to tell us how super awesome wealth inequality is because it gives the lazy slackers something to aspire to...or some such nonsense.

I'm just curious to see how much longer the 99% are going to continue to be good worker bees while being told what lazy, useless eaters they are by their betters? Any bets?

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Comment Preferences

  •  10 to 12 years. (9+ / 0-)

    That is, if a president can be elected that is more left of Pres. Obama and a Democratic party house and senate can stall the demands of the overlords.

    The system that we have now is unsustainable.

    This better be good. Because it is not going away.

    by DerAmi on Thu Feb 13, 2014 at 05:39:53 AM PST

  •  Our side needs to have a Tax Day Protest (3+ / 0-)
    Recommended by:
    Kristina40, kharma, OooSillyMe

    Get out there and demand the Rich pay their fair share.  

  •  Seeing the 1% creeping out of the wood-work is (10+ / 0-)

    'interesting'. Fairly old white guys...lol!

    "Life without emotions is like an engine without fuel."

    "It's said that the honest man has nothing to hide. Not true. The honest man has to hide himself, because honest men are the prime targets of those who lie."

    by roseeriter on Thu Feb 13, 2014 at 05:43:41 AM PST

  •  To be fair, many 1%ers respect and like (0+ / 0-)

    the 99% and would never say these things on TV or otherwise. It's really been just a handful of guys, and they're in the top 1% of the 1%.

    •  Perhaps CNBC should (4+ / 0-)

      trot a few more of those out?

      ~War is Peace~Freedom is Slavery~Ignorance is Strength~ George Orwell "1984"

      by Kristina40 on Thu Feb 13, 2014 at 05:47:07 AM PST

      [ Parent ]

    •  To be "Fair"? I'm sure the word 'many' has a (4+ / 0-)
      Recommended by:
      Kristina40, kharma, Kevskos, a2nite

      different connotation to you.
      Could you share some of those large numbers of warm and fuzzy 1%ers?

      "If you tell the truth, you won't have to remember anything", Mark Twain

      by Cruzankenny on Thu Feb 13, 2014 at 06:32:26 AM PST

      [ Parent ]

      •  The 1% cutoffs is only about (0+ / 0-)

        $300K a year in income. The super rich people are talking about here make tens of millions a year, and have net worths above $100 million. There is quite a bit of difference between these groups. One group is people who have good jobs. The other is people who don't have to work and whose great-grandchildren will still not have to work.

        •  I have $461,971 as the AGI cutoff in 2012 to (3+ / 0-)

          qualify for the top 1%.  That number probably exceeds $500,000 for 2013 because incomes at that 1% level track closely to the market. The 1%'s share of total income was 20%.  For the top 0.1% the AGI cutoff was $2,223,000 in 2012 which would have exceeded $2.5 mm in 2013 giving them 11% of total income.

          The ongoing UC Santa Cruz study on income and wealth inequality  used a financial planner's analysis of his book of business to identify the stratified layers within the 1%. At the lower end, you can still find working professionals and small business owners. When you get to the top 0.1% you're in a class that derives most of its income from investment gains, not salaries and wages.

          Most Americans are unable to grasp what that means. And people in the top category are equally estranged from the concerns of those who work and remain at the poverty level.

          It's not the numbers that make a difference or money in itself. It's the type of society where the circumstances of people are so alien to each other that they don't recognize any allegiance to society or its stability any longer.

          There is no existence without doubt.

          by Mark Lippman on Thu Feb 13, 2014 at 08:50:16 AM PST

          [ Parent ]

          •  If the .1% cutoff is only (0+ / 0-)

            a couple of million bucks in income, then it includes a lot of people I thought it wouldn't. I guess the $50 million a year types, the hedge fund guys mostly, are in the .001% bucket or so (in a world with 150 million taxpayers, that would be about 1500 households).

            •  The stats are based on data compiled by the IRS (1+ / 0-)
              Recommended by:
              doc2

              from 2012 income tax returns.  

              Using round numbers, 150 million taxpayers.
              0.1% or 150,000 taxpayers reported AGI of $2.2 million +
              0.01% or 15,000 taxpayers, is entirely within the top income category the IRS tracks, which is $10 million +

              0.012% or 17,500 taxpayers reported AGI of $10 million+
              If you don't mind the rounding you could say that 0.01% has AGI over $10 million. The average income for those 17,500 taxpayers was $23,110,000.

              There is no existence without doubt.

              by Mark Lippman on Thu Feb 13, 2014 at 08:43:15 PM PST

              [ Parent ]

              •  I'm friends with 3 guys at that .01 level. (0+ / 0-)

                One is super conservative, all he cares about is less taxation. Very stereotypical. The other two are liberals, want higher taxes on people like themselves, and give tons of money to charity as well as liberal Democratic politicians. They view their wealth the way we do -a fluke created by an unfair system, a system they'd like changed. People here have some sort of charicature in their minds based on the Kochs or Donald Trump that they apply to all super-rich. As usual with stereotypes, it doesn't fit.

                •  That's a very broad and unselective brush you (1+ / 0-)
                  Recommended by:
                  QuelleC

                  paint with concerning, "people here".
                  Insulting as well.
                  The Koch's make a fine target because they have declared themselves the enemy, not because they represent some ethereal boogey man.
                  Because you have an acquaintance, friendship or relationship with a few .01%ers, I would venture any conclusion you draw from their expressed opinions is drawn from too small of a sample to make any kind of authoritative statement.
                  As far as charitable contributions go; lets take someone with $3 Billion and they donate $3 Million. that's a nice chunk of change.
                  Say I have $3,000 and I give $300 to charity. Not much, but my donation represents 10% of my capital and the $3 Million represents 1/10th of a percent of $3 Billion. It would take a donation of $300 million dollars to equal the percentage of my donation versus capital.
                  I would have $2,700 left and the .01%er would still have over $2.5 Billion.
                  I don't need the Koch brothers to represent the inordinate and unacceptable difference in capital held by some of my fellow citizens.
                   

                  "If you tell the truth, you won't have to remember anything", Mark Twain

                  by Cruzankenny on Fri Feb 14, 2014 at 07:09:47 AM PST

                  [ Parent ]

                  •  My buddies donate very high (0+ / 0-)

                    percentages of their income, tens of millions, to charities. People here absolutely discount the possibility that lots of rich people give money to politicians for any other reason than selfishness. The bottom line is that many people who are so rich that paying additional taxes doesn't really matter to them actually understand that paying additional taxes doesn't really matter to them. If you want to deny that there isn't a crazy amount of anti-wealthy ranting here, and that the wealthy aren't excoriated daily here merely for the crime of being wealthy, go ahead. I know actually lots of wealthy people well into the 1%, and for the most part they're liberal people who just happen to also be very successful businesspeople. To most here, that is some sort of crime.

                •  There are anecdotal examples and there are reasons (1+ / 0-)
                  Recommended by:
                  QuelleC

                  why the public has a certain perception.

                  In the .01%, the IRS doesn't track political affiliation so we have to back into that by other routes.

                  You can use FEC data on individual contributions reported for the 2012 election cycle. In the list of the top 100 donors whose contributions were approx $1 million+ it's safe to say these are all .01%'ers.

                  The top 5 or 6 gave amounts far above the rest of the top 10 and they all gave to Republicans. Cumulatively, there were more Republicans than Democrats and the Republicans gave more. This trend is reversed if you looked at $250 donations.

                  The Republicans in the top 100 include many individuals in finance. The Democrats are an assortment of 'creative humanities' types in communications, entertainment, health & wellness, etc. (Of course there are exceptions to the overall pattern.)

                  The "Movement for the Rich" is loud and visible on the Republican side, and there is no comparable organized, visible counterweight on the Democratic side. Apart from George Soros the public doesn't hear much about rich Democrats and there's no equivalent to the comprehensive, robust agenda pushed by the opposition. Individuals aren't a substitute for a determined, organized, combined effort.  

                  When people lash out at the 1%, it's really the agenda of the "Movement for the Rich" they find objectionable.  Sure there are liberal progressive 1%'ers and we still have a rightwing in Congress that fronts for the organized interests of the 1%'ers who are only looking out for themselves.

                  They have a responsibility to society. Whoa! Wuh?

                  Yes, that's a left turn in the conversation. They have a responsibility to society. And they've been so busy these past years reminding the rest of us about their superior characteristics, their moral rectitude. Where I come from, money and wealth don't confer superior character.

                  How you treat the less fortunate does. It's time for them to demonstrate that.

                  There is no existence without doubt.

                  by Mark Lippman on Fri Feb 14, 2014 at 02:00:23 PM PST

                  [ Parent ]

    •  1% is nothing (0+ / 0-)

      I play fantasy football with 1%ers, and live next door to them, and wear the same wristwatch. They dine at Applebee's.

      .01% is Lamborghini money.

      I'm living in America, and in America you're on your own. America's not a country. It's just a business.

      by CFAmick on Thu Feb 13, 2014 at 07:50:45 AM PST

      [ Parent ]

  •  The problem is we live here where it's more (9+ / 0-)

    Expensive. It's expensive because the evil rotten rich have bid everything up. They have to underpay us to keep inflation & costs down. It also makes all of us fight over moldy crumbs to live.

    It gives them more money to buy our government against us.

    Evil in America is winning because it was created for for & by evil men.

    nosotros no somos estúpidos

    by a2nite on Thu Feb 13, 2014 at 05:51:22 AM PST

    •  The cost and value of equity and wealth (1+ / 0-)
      Recommended by:
      FloridaSNMOM

      keeps rising; the cost of consumer goods keep rising; the cost of energy, education, finance, and insurance keeps rising.

      The only thing that doesn't rise is salaries and wages.

      And with regard to those studies, what would happen if they eliminate the salaries and wages that owners pay to themselves? I bet those keep rising, as well, to reflect the rise in equity; if you work for someone else, your wages have been rising at even even slower rate than studies show.

      I'm living in America, and in America you're on your own. America's not a country. It's just a business.

      by CFAmick on Thu Feb 13, 2014 at 07:54:12 AM PST

      [ Parent ]

  •  The corporations stand for the wealthy (3+ / 0-)
    Recommended by:
    Kristina40, kharma, OooSillyMe

    and not for the people.

    It's time the 99% got organized.

    If cats could blog, they wouldn't

    by crystal eyes on Thu Feb 13, 2014 at 06:09:41 AM PST

  •  He is totally ignorant of economics (12+ / 0-)

    or he thinks that this kind of distraction will fool some people (granted, the CNBC talking head seems fooled by this sophistry).

    This CEO knows that $35K is a high annual income in 3rd world countries because his industry pays shamefully little to low wages in those countries.  But his suggestion that a low-wage worker in the US should move to one of those emerging nations shows how disingenuous he is.  "The guy" who earns $35K in the US wouldn't be rich in India, because he'd be paid about $2K for the same labor there.  Does Mr. Clueless imagine that the American $35K worker could commute from his US job to his plush life in India?

  •  I wish they could roll these people out faster! (3+ / 0-)
    Recommended by:
    kharma, roseeriter, FloridaSNMOM

    I love what they have to teach. To think, if we were in India, we would be rich at $35,000/year.
    I wish someone could pass this on to the owner of my favorite Indian restaurant. Because if I tried to live on $35K and only ate at their restaurant, I'd have to live in their pantry and ride a bicycle everywhere. I sure couldn't pay my mortgage or rent.
    I could get a good health insurance policy thank goodness, as long as my Governor wasn't Republican..

    "If you tell the truth, you won't have to remember anything", Mark Twain

    by Cruzankenny on Thu Feb 13, 2014 at 06:40:09 AM PST

  •  I predict this diary.... (2+ / 0-)
    Recommended by:
    Kristina40, FloridaSNMOM

    will be like flypaper for the 1% apologists.

    Great diary and insight Kristina40.

    If debugging is the process of removing bugs, then programming must be the process of putting them in.

    by kharma on Thu Feb 13, 2014 at 06:55:05 AM PST

  •  Also he measures in raw dollars (4+ / 0-)

    without taking cost-of-living into account.

    Goddam liar.

    "What could BPossibly go wrong??" -RLMiller "God is just pretend." - eru

    by nosleep4u on Thu Feb 13, 2014 at 07:10:00 AM PST

  •  The invention of the guillotine... (4+ / 0-)

    So, what was going on when someone said "You know what we need..."?

    And enough people REALLY liked that idea and made it 'a thing'.

    Isn't it amazing that we're right back there again?

    Isn't it amazing that someone can be that rich, AND that stupid?

    REVOLT!!!


    The Fail will continue until actual torches and pitchforks are set in motion. - Pangolin@kunstler.com

    by No one gets out alive on Thu Feb 13, 2014 at 07:23:30 AM PST

  •  If we won't tax the shit out of them then I say (2+ / 0-)
    Recommended by:
    a2nite, Hockeyray

    Off With Their Heads......I am sick of those self righteous assholes whining about how "hated" they are by the "jealous" poors.....

  •  He didn't come up with that cute little idea on (3+ / 0-)
    Recommended by:
    a2nite, Calamity Jean, Kristina40

    his own. He's repeating almost word-for-word a 'public service announcement' that ran as a commercial in some markets around the US. It was sponsored by the Heritage Foundation.

    There is no existence without doubt.

    by Mark Lippman on Thu Feb 13, 2014 at 09:09:42 AM PST

  •  Can we just eat him? (0+ / 0-)

    Get past the gristle and stringy white-meat and there might be some nutrition there, and with some spices it might still be better than the cat-food he's pushing.

    Dear future generations: Please accept our apologies, We were roaring drunk on petroleum -Kurt Vonnegut

    by Anthony Page aka SecondComing on Thu Feb 13, 2014 at 09:45:02 AM PST

  •  $35 K would be wealth to me! (0+ / 0-)

    Seriously!



    Women create the entire labor force.
    ---------------------------------------------
    Sympathy is the strongest instinct in human nature. - Charles Darwin

    by splashy on Thu Feb 13, 2014 at 10:17:19 AM PST

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